Gogo Inc is a holding company. The Company operates through its two operating subsidiaries, Gogo LLC and Aircell Business Aviation Services LLC. The company provides in-flight connectivity and wireless in-cabin digital entertainment solutions. GOGO is currently trading around $16.84 in a 52 week range of $11.66 – 35.77. The company’s stock has been outperforming the NASDAQ this year with shares increasing 1.37% year to date, and shares have traded up 7.54% in the last 3 months.
Back in August, Gogo reported a 25% second quarter revenue increase to $99.5 million as service revenue increased 28% to $79.2 million and equipment revenue increased 17% to $20.4 million year-over-year. The company last released its earnings data on Monday, August 11th. The company reported ($0.22) EPS for the quarter, beating the analysts’ consensus estimate of ($0.23) by $0.01.The Street is projecting a per-share loss of 26 cents for the in-flight wireless provider.
Looking at the earnings history, GOGO has traded bullish 2 of the last 5 quarters. On average, the stock has moved about 9.7% in the last 5 quarters as a result of earnings releases. This earnings season, market makers are implying about a +- 12% move in the stock for the November monthly option chain. GOGO is currently trading inside the Ichimoku Cloud on the daily chart, and has been oscillating in neutral territory since mid-June.